News & Insights

The Contracts (Rights of Third Parties) Bill, 2014

The Cayman Islands Government has published The Contracts (Rights of Third Parties) Bill, 2014 to make a law which will provide for the enforcement of contractual terms by third parties (the "Law").

The Law was originally opened for public consultation in 2012 and is now expected to come into force shortly. The Law will bring the Cayman Islands into line with the UK and the UK and the US relation to the ability of person to enforce rights which are conferred upon him pursuant to a contract to which he is not a party ("third party"), thereby overriding the common law principle that only parties to a contract are able to enforce its terms.

Click here read this legal update in full

Contact our experts for further advice

Chris Humphries

Managing Director and Head of Funds

Tel:+1 (345) 814-7911

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.

“Compact independent firm that remains a sound choice for funds counsel in the jurisdiction. Well versed in acting for fund managers, promoters and international investors, providing guidance on the structuring and formation of funds, portfolio transactions and regulatory compliance issues, as well as restructuring and litigation. Notable for its expertise in cryptocurrency funds and related investments.”
Publication Recognition - Chambers & Partners
Stuarts Humphries “impresses clients with its responsiveness, industry knowledge and value for money, especially when compared to some of the larger firms in the domicile.”
Publication Recognition - Legal 500
“Boutique firm offering prompt personal service and expertise covering a wide range of areas.”
“Very responsive team with wide knowledge on funds-related issues, including crypto funds.”
Fund Client Testimonial - IFLR 1000
“They are just phenomenal, the advice that they give strikes a real balance between business and legal issues, and they have real-world solutions instead of sitting in an ivory tower.”
Client Testimonial - Chambers & Partners
“The team gives prompt responses and is able to distill complex questions into easy-to-understand issue.”
Fund Client Testimonial - Legal 500
“The partners roll up their sleeves, take great pride in the work they do and go to great lengths to make themselves available.”
Client Testimonial - Chambers & Partners
“Stuarts Humphries, understands the complex issues we face and the firm offers substantial value in relation to the fees charged.”
Legal 500
“They are very thorough, knowledgeable and most importantly very responsive.”
Fund Client Testimonial - IFLR 1000
“Their strongest point is their customer service. They are incredibly responsive and helpful in meeting our deadlines.”
Fund Client Testimonial - Chambers & Partners
“They provide straightforward, practical advice and the level of attention we receive is very high. They are good at dealing with commercial matters in a commercial context.”
Legal 500

More Testimonials

News

Read all insights

full and frank disclosure in the cayman islands courts

Cayman Islands Litigation: Duty of Full and Frank Disclosure

It is a core principle of justice in the Cayman Islands that both an Applicant and a Respondent be given an opportunity to address the Court before a Court Order is made. However, in certain circumstances, the Cayman Islands Court does allow an Applicant to...

stuarts in business reporter web3 in the cayman islands

Stuarts in Business Reporter: Empowering Web3 through Legislation

Stuarts is pleased to be a contributing author in the Business Reporters' Digital Transformation Edition: Empowering Web3 Expansion through Innovative Legislation. Managing Director, Chris Humphries and Partner, Jonathan McLean ...

cayman funds newsletter q1 2024

Cayman Funds Newsletter Q1 2024

...

Search site

Search
Search
Contact our office
- - Cayman Islands
  - - +1 (345) 949-3344
Make an enquiry